Fisher Investments is a large investment management firm founded by Ken Fisher. As a leading global money manager, Fisher Investments manages over $197 billion for individuals, institutions and large pensions worldwide. With decades of investment experience, Fisher Investments offers its perspective on market outlook and potential opportunities. This article analyzes Fisher Investments’ outlook across major asset classes.
Equities remain most attractive asset class over long term
Fisher Investments believes equities will continue to be the most attractive asset class over the long run. Despite potential volatility, stocks have outperformed other asset classes historically. Fisher sees growth opportunities in healthcare, technology and other innovative sectors over the next 5-10 years.
Gradual normalization of interest rates
Fisher Investments expects interest rates to rise gradually off historically low levels. As major central banks normalize monetary policies, Fisher sees upward pressure on rates. However, with inflation expectations still muted, Fisher believes central banks will maintain a measured pace of hikes.
Ongoing shift toward passive investing
Passive investing has gained significant share versus active strategies in recent years. Fisher Investments anticipates this trend will continue, especially in the more efficient developed markets. However, Fisher also sees opportunities for talented active managers in less efficient asset classes.
Diversification remains key
Across its investment strategies, Fisher emphasizes broad diversification across and within asset classes to manage portfolio risk. This distinguished Fisher’s approach from more concentrated peers. Maintaining widely diversified portfolios is seen as essential to navigate market cycles.
Overall, Fisher Investments retains a constructive outlook on growth assets like stocks over the long run, believing innovation and human productivity will drive returns. While anticipating gradually higher rates, Fisher sees inflation pressures remaining modest. Fisher also recommends broad diversification in investment portfolios.